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Communication still a challenge for the FPC – BoE’s Kashyap

The Bank of England’s financial policy committee is having a harder time communicating than its monetary policy counterpart, Anil Kashyap said on March 28.

In a speech in Frankfurt, the FPC external member said the committee was “still learning how to communicate effectively”. While the MPC was a model for many aspects of the FPC, the two committees operate in very different parts of the forecast distribution, Kashyap said. Monetary policy-makers deal in central forecasts, FPC members are